Saudi’s Almarai, Pepsico to invest $345 million in Egypt
Saudi Arabia's Almarai, the Gulf's biggest dairy company, and U.S. soft drinks giant PepsiCo will invest about $345…
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industry & trade
Egypt Investment Minister Eyes $10 billion FDI Next year
Egypt's newly appointed investment minister Ashraf Salman said he targets $10 billion (5.88 billion pounds) in…
AmCham Egypt Knocks Doors of US Economic Ties Next Monday
A door-knock delegation from the American Chamber of Commerce in Egypt (AmCham Egypt) to Washington, D.C., will be…
Egypt to Finalise $10 Billion Deal with BP
Egypt is to finalise a deal with British Petroleum to invest $10 billion in gas fields in Alexandria governorate,…
Abraaj Group submits mandatory bid for Cairo Medical Center
The leading private equity firm Abraaj Group announced in a statement on Thursday it offered via one of its funds a…
Oriental Weavers Brings €1mn Cutting-edge Machinery to its US Plant
Egypt's leading carpet manufacturer Oriental Weavers (OW) will be making a new expansion worth €1 million to its…
Egypt Government to have a grip on Two Brotherhood-led Supermarket Chains
The two market chains closed just a day before by authorities, Seoudi and Zad supermarkets, will be placed under…
CanCham Mulls Launch of $70mn Gold Refinery Lab in Egypt This Year
Canadian Chamber of Commerce in Egypt (CanCham) is currently studying the establishment of gold refinery…
Social Security Network Captures 37% of Egypt’s Budget – Official
In Egypt, the public spending on social security network accounts for 37% of the state's budget, said Ahmed…
FEI Proposes new Fund to Finance Faltering Factories in Egypt
There is a need to establish a fund directed for financing the halted and faltering factors, a suggestion made on…